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Ameenji Rubber IPO
Ameenji Rubber Ltd
₹1,14,000 /1200 sharesMinimum Investment
Ameenji Rubber IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 26 Sep ‘25 - 30 Sep ‘25 | ₹2,28,000 | 1,200 | ₹95 - ₹100 |
| Issue Size | IPO Doc |
|---|---|
| 30.00Cr | RHP PDF |
Subscription rate
As of 30 Sep'25, 03:01 PM
| Qualified Institutional Buyers | 3.79x |
| Non-Institutional Investor | 1.90x |
| Retail Individual Investor | 0.31x |
| Total | 1.66x |
About Ameenji Rubber
Founded in
2006
Managing director
Mr Mufaddal Najmuddin Deesawala
Parent organisation
Ameenji Rubber Ltd
Strengths & Financials of Ameenji Rubber
Strengths
Risks
The company claims to have a wide product portfolio, including elastomeric bearings, POT-PTFE bearings, spherical bearings, expansion joints, railway vestibules, and composite grooved rubber sole plates. This range allows the company to cater to multiple industries such as railways, infrastructure, energy, fitness, and dairy.
The company claims to generate revenue from sales both in India and in international markets such as Saudi Arabia, Tanzania, Malawi, Nepal, and Poland.
The company claims to hold approvals from regulatory authorities such as the Ministry of Road Transport and Highways (MoRTH) and the Research Designs & Standards Organisation (RDSO). It is also listed as an approved vendor with Indian Railways and the Dedicated Freight Corridor Corporation of India (DFCC) for projects on the Eastern and Western Corridors.
The company claims to have an in-house NABL-accredited testing laboratory for rubber and rubber products in the non-tyre segment, with its scope covering load testing for elastomeric bearings.
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 74.08 crore in FY23 to Rs 83.34 crore in FY24 and Rs 94.05 crore in FY25. PAT increased from Rs 3.50 crore in FY23 to Rs 4.31 crore in FY24 and Rs 8.03 crore in FY25.
The company derives a major portion of its revenue from its top 10 customers. They accounted for Rs 47.13 crore (50.11 percent) of the company’s total revenue in FY25, Rs 44.94 crore (53.93 percent) in FY24, and Rs 47.88 crore (64.63 percent) in FY23. Loss of these customers or a decline in business from them could adversely affect the company’s finances and operations.
The company’s top 10 suppliers accounted for Rs 49.67 crore (77.80 percent) of the company’s total cost of material consumed in FY25, Rs 47.96 crore (78.54 percent) in FY24, and Rs 48.19 crore (84.02 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company derives a significant portion of its revenue from Telangana. In FY25, it accounted for Rs 31.72 crore (33.73 percent) of the company’s total revenue, Rs 37.69 crore (45.23 percent) in FY24, and Rs 26.93 crore (36.35 percent) in FY23. Any disruption or slowdown in this market could adversely affect the company’s business, financial condition, and cash flows.
The company’s operations are highly dependent on strict adherence to quality standards, audits, and customer inspections. Any failure to comply with these quality standards or meet customer specifications could result in cancellation of existing or future orders, damage to reputation, financial penalties, or legal liabilities, which could adversely affect the company’s business and financial performance.
The company’s business is significantly dependent on the railway and infrastructure sectors. The railway sector accounted for Rs 38.10 crore (40.51 percent) of the company’s total revenue in FY25, Rs 30.56 crore (36.67 percent) in FY24, and Rs 32.47 crore (43.82 percent) in FY23. The infrastructure sector contributed Rs 55.59 crore (59.11 percent) in FY25, Rs 52.50 crore (63 percent) in FY24, and Rs 41.47 crore (55.97 percent) in FY23. Any adverse developments in the railway or infrastructure sectors, including budget cuts, policy changes, or a slowdown in project execution, could materially and adversely affect the company’s business, results of operations, and financial condition.
The company reported negative cash flows from operating activities, which amounted to Rs 3.35 crore in FY24. It also reported a negative cash flow from investing activities of Rs 14.21 crore in FY25, Rs 7.10 crore in FY24, and Rs 3.04 crore in FY23. If these negative cash flows persist, it could adversely affect the company’s ability to meet its working capital needs or repay loans without raising additional external financing, thereby impacting its financial condition and operations.
As of FY25, the company had total contingent liabilities amounting to Rs 3.58 crore. If any of these contingent liabilities materialise, it could harm the company’s financial performance.
The company, its directors, promoters, subsidiaries, and group entities are involved in various legal proceedings, including tax and criminal cases. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company reported total indebtedness of Rs 45.90 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Ameenji Rubber Financials
*All values are in Rs. Cr
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Application Details of Ameenji Rubber IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹95 - 100 | ₹2 - 5 Lakh |
For Ameenji Rubber IPO, eligible investors can apply as Individual investor.